Jakarta. Micro, small, and medium enterprises (MSMEs) only account for 15 percent of Indonesian exports despite the country having the most businesses of such scale in the ASEAN region, according to Foreign Minister Retno Marsudi.
Indonesia is home to at least 64 million MSMEs. This is equivalent to around 90 percent of the MSMEs across the ASEAN region. Despite the huge MSME population size, not many of them are shipping out their goods abroad. Indonesia is also falling behind other ASEAN members like Malaysia and Thailand when it comes to MSME exports.
“President Joko Widodo is keeping a close eye on MSMEs as they are the backbone of our economy. We have the most MSMEs compared to other ASEAN nations. However, Indonesian MSMEs only contribute 15 percent of the total exports. MSME exports are far higher in Singapore, Malaysia, and Thailand,” Retno…
